$3,027 Closing Credit*
$254,900
1,209 SqFt
3 Beds
•1 Full Bath
Sara E Lewis, Listing Office: Century 21 Affiliated (GR)
Is Wayland, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Wayland has remained a Seller's Market.
Key Takeaway
Wayland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wayland, MI
How much do homes in Wayland, MI cost?
Median Sold Price
$324,900
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$24,900(+8.3%)
Key Takeaway
Homes in Wayland have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in Wayland was $324,900 in October 2024, up 8.3% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | - | N/A |
| 2 Bedrooms | $260K | $279K | +7.3% |
| 3 Bedrooms | $300K | $309.8K | +3.3% |
| 4 Bedrooms | $305K | $352.4K | +15.5% |
| 5+ Bedrooms | $429.9K | $355K | -17.4% |
Summary: Wayland housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes decreased by 17.4%.
Median Sold Price Compared To Nearby Cities
| Wayland | $300K | $324.9K | +8.3% |
| Wayland Township | $299.9K | $324.9K | +8.3% |
| Leighton Township | $345K | $351.2K | +1.8% |
Housing Supply in Wayland, MI
How many homes are available in Wayland, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 43 | +2.4% |
Summary: The Wayland real estate market had 43 homes for sale in October 2024, a 2.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 19 | 15 | -21.1% |
| 4 Bedrooms | 13 | 17 | +30.8% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Wayland housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 21.1%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Wayland, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Wayland in October 2024, up by 9.1% month-over-month. Of the 12 sold homes, 58% were sold under asking, 33% were sold at asking, and 8% were sold over asking.
Days on Market for Wayland, MI
How long does it take to sell a home in Wayland, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 61 Days | 40 Days | -35.1% |
Summary: Homes in Wayland had an average of 40 days on market in Oct 2024, down by 35.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wayland are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in Wayland; 58% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
